BetonSports

...telephone lines and the Internet. Funds were sent from U.S. customers to BetonSports operations outside the United States and BetonSports sent winnings from outside the U.S. to its U.S. customers. "Kaplan was unique in the scope and...

In this article: United States, Wire Wager Act, Costa Rica, and Miami, Florida

...charges of fraud and racketeering related to his company, BetOnSports. The company encouraged American gamblers to place bets online, an illegal practice in the US. Prosecutors say that Gary Kaplan still has millions of dollars in Swiss...

In this article: Online gambling, US, Costa Rica, London Stock Exchange, Antigua, Caribbean, and St Louis, Missouri

...than $1 billion, the DOJ said. In mid-2004, Kaplan took BetOnSports public on the London Alternative Investment Market, and the initial public offering netted him more than $100 million, the DOJ said. "Kaplan was unique in the scope and...

In this article: DOJ, Wire Wager Act, United States, Yahoo, Costa Rica, Miami, Florida, and Missouri

...said in a statement. "Today, Kaplan lost that wager." BetOnSports ceased operations in 2006, and customers lost between $7 million and $20 million, the Justice Department has said. Kaplan admitted in court that beginning in the mid- to...

In this article: Reuters Limited, U.S., Justice Department, St. Louis, All rights reserved, U.S. attorney, London Stock Exchange, and Yahoo

...Web sites, including BetOnSports.com, the DOJ said. BetOnSports advertised "heavily" to solicit U.S. residents to place sports wagers by telephone and over the Internet, the DOJ said. Kaplan's toll-free telephone lines terminated in...

In this article: DOJ, United States, Wire Wager Act, Costa Rica, Miami, Florida, Missouri, and Racketeer Influenced and Corrupt Organizations